How do appraisers determine home value?
Ever wondered what your house or a house you might buy is really worth? Lenders require an appraisal before they’ll approve a loan. As a property owner, you can always hire an appraiser to estimate your home value at any time which will help you to be better prepared when you need to buy, sell, refinance or tap into your home’s equity. Let’s see how appraisers determine the home value of flats in Kochi . Doing a walk-through of the house is one way Home appraisers generally value a house. Afterwards, the "Sales comparison approach" & the "cost approach” methods are mostly used to evaluate a house. The Walk-Through Home appraisers when valuing homes consider the home's size, layout and how well it has been maintained. The appraiser inspects the inside and outside of the home & also notes amenities and upgrades that add value. The overall structure and the materials used to construct the home are assessed for any signs of disrepair like